Keep More of Your Money this Tax Season (Year End Tax Planning)
Friday, February 26
The Difference Between Tax Preparation and Tax PlanningTax preparation for the March 15th or April 15th return is not considered advance tax planning. It is merely tax compliance as opposed to voluntary tax reduction planning. Though returns aren't due until April, they cover a tax year that ends...
Importance of Record Keeping and Entity Structures
Friday, January 15
If you don't plan accordingly for your investing goals and choose the correct entity structure, the taxes will definitely hurt your bottom line in a big way. As a real estate investor you need to stay updated on which entities are on the IRS hit list. Recordkeeping also plays a big part in wealth...
Financial Planning that Could Save you a Fortune
Friday, January 08
Financial planning requires a system you can follow to be fully prepared for tax time. It's imperative that as real estate investors and business owners, you create an accounting strategy that avoids expensive mistakes, gets the most deductions and plans your wealth building accordingly. Here are...
Last minute Year End Tax Strategies
Friday, November 13
With the new year quickly approaching, it's time to make some strategic moves to lower your tax bill.Strategy:Prepay Deductible ExpendituresIf you itemize deductions, accelerating some deductible expenditures into this year to produce higher write-offs makes sense if you expect to be in the same ...
Year End Tax Tips to Save you Money
Friday, November 06
Individuals & Self-EmployedPlain vanilla year-end tax planning strategies suggest that all taxpayers should generally defer income and accelerate expenses in order to reduce current-year taxable income and tax liabilities. But the AMT (Alternative Minimum Tax) is becoming an increasingly big ...
What Every Investor Needs to Know About the Compliance Side of Entity
Friday, October 23
Investors typically have lots of questions regarding the compliance side of entity structuring. There are many things to consider such as: states to register, tax filings and what a properly set up business looks like. In this article, we will examine all the different aspects of compliance when ...